Launch of "
Make in India " one year ago ( 25
Sept 2014 ) , ushered a revolution
A revolution to improve India's rank in " Ease of
Doing Business " from 142 to under 50
And no Indian State wants to be left behind as far as
its own rank among the various States is concerned
Here is the proof :
# Tamil
Nadu
CM , Selvi J
Jaylalithaa has promised to approve all Investment proposals in 30
days
# Andhra
CM , Shri
Chandrababu Naidu wants all clearances given from an Online Single Window
clearance , in 21 days
# Telengana
CM , Shri K
Chandrasekhar Rao has promised to give a Single Window clearance within 30 days
If the investment is more than Rs 200 Cr , project will
be cleared in 15 days
If it is an IT project , it will be 12 days
!
For delaying approval beyond these limits , concerned
Officer will be fined Rs 1000 per day of delay !
# Maharashtra
CM , Shri Devendra
Fadnavis did not want to be left out !
On 17th Sept , he announced :
" If
permissions to set up industry are not issued within 7 days
through the online Single Window system , applications will be considered
approved "
Can we look forward to one of the remaining Chief
Ministers , to come forward and announce :
" We will clear all investment proposals in ONE DAY "
[ And , he / she may not even belong to a
BJP-controlled State ! ]
That would place that State on par with Singapore (
which continues to hold , rank # 1 , in World Bank Survey , for many years in a
row )
Following real incidence will prove my point :
Some 40 years ago , Mohan Pherwani ( VP -
Planning / Larsen & Toubro ) , made a presentation to the officers of
Singapore Development Authority ( SDA ) , for a joint venture between L&T
and SDA , for manufacture of Bottle Closures ( Crown Corks / Alu. Capsules ) in
Singapore
After the presentation , a SDA officer took Pherwani to
look up suitable sites for setting up the proposed factory
In the evening , when Pherwani returned to his hotel ,
receptionist handed him a letter from SDA ,
> confirming SDA willingness
to form a JV with L&T
> allotting the factory plot
selected by Pherwani
> enclosing a cheque ( drawn
in favour of L&T ), towards SDA's contribution to the equity capital
of proposed JV
Sure , difficult to beat !
But not impossible , considering that the person
propelling Singapore's current " Business Friendliness " is also , a
person of INDIAN origin !
That person is Mr Tharman Shanmugratnam , Singapore's
Finance Minister since 2007 and Deputy Prime Minister since 2011, whom , Shri
Jaitley met 2 days back
Among the many good things taking place due to "
MakeinIndia " initiative , promoting competition among the States for
attracting investments , is right at the very top
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hemen parekh
20 Sept 2015
B2BmessageBlaster > Who is Investing in India ?
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